Cristian Darie @cristiandarie A quick one – do you happen to like Donald Trump?
I don’t know him personally. For all I know he is the nicest of men. He is a Gandhi among moguls. I have no idea.
But, I do have a lot of admiration for a guy who can constantly go bankrupt and still end up shining like diamonds. The guy has figured how to ride the world as if it were the wildest horse and he can tame it.
And the Apprentice was a great show the first few seasons. That’s not so easy.
And let’s not forget one of the hardest investment decisions anyone has ever made: when NYC was going bankrupt he not only started buying up hotels (the Hyatt next to Grand Central was his first) but doing the unbelievable to them: getting rid of the old pre-war NYC stench in hotels and putting GOLD everywhere. The streets of heaven are paved with gold. And so are all of NYC buildings with the Trump name on them. Right when NYC was on the path to bankruptcy. Very brave.
And then when real estate crashed and many developers went bankrupt he managed to stay afloat. The question above asked about foreclosure. Trump has probably been foreclosed on everything and came out smelling like a rose. He defines the statement: when you owe the bank $200,000 they own you. When you owe the bank $2 billion, you own them.
I would never invest alongside him. But my guess is he’s a good businessman for himself and has managed to create the life he wanted to live.